3:30pm   Opening Remarks by the Chair.

3:35pm   Global Alliance Agreements.  This panel will use a case study approach to review tax and commercial considerations where U.S. and European multinational corporations agree to access each others'' distribution channels and to pool R&D for the development of certain products. The case study will focus on the tax consequences of the arrangements in Belgium, Canada, Mexico and the United States.  Moderator: Jack Bernstein, Aird & Berlis LLP, Toronto, Canada.   Panelists: Scott D. Newman, Kirkpatrick & Lockhart Nicholson Graham LLP, New York, NY; Luis Ortiz-Hidalgo, Basham, Ringe y Correa S.C., México; Luc Spincemaille, Tiberghien, Brussels, Belgium.

4:30pm   Latest European Developments of Interest to US Tax Practitioners.   This panel will discuss emerging issues under new European anti-abuse provisions and cross-border case law. The panel will consider the Marks and Spencer case as well as anti-treaty shopping rules and substance-over-form principles, such as the new UK anti-abuse legislation and new Spanish provisions to curtail "aggressive" tax planning.  Moderator: David Ian Shane, Salans, New York, NY.  Panelists: Jordi Domínguez, Garrigues, New York, NY; Stephan Geibel, Lovells, Munich, Germany; Heini Rüdisühli, Lenz & Staehelin, Zurich ,Switzerland.